Collection · MT5

Waka Clone and XAU Sweep Collection

by 71053-arch

This repository contains two expert advisors for MetaTrader 5: a reconstruction of a popular grid system and a price-action tool for gold.

High risk

GitHub stars1
Forks0
Last update2 months ago18 Jul 2026
LicenceNone stated

Overview

The primary EA utilizes RSI and price extremes for entry signals, managing trades through a grid with tiered lot multipliers. It features smart distance calculations using ATR ratios and a dynamic take-profit based on Bollinger Band width. Risk is managed through deposit load scaling, equity-based basket stops, and daily loss limits, though individual trades lack a standard stop loss by default.

Details

Author

71053-arch on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Grid, Martingale, SMC / ICT / price action, Hedging

Markets

Forex, Gold

Timeframes

Any timeframe

Risk profile

  • Uses martingale lot scaling: losses can grow fast
  • Opens a grid of orders: exposure builds up in a trend
  • Holds opposite positions at once
  • Trades without a fixed stop loss

Input parameters

Read from WakaClone_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
InpRsiPeriodint20RSI period
InpRsiOffsetdouble15.0RSI offset from 50 (15 -> buy<35 / sell>65)
InpBBPeriodint35BB / extreme-lookback period
InpExtremeFiltbooltrueRequire close beyond N-bar low/high
InpAllowLongbooltrueAllow buy grids
InpAllowShortbooltrueAllow sell grids (original hedges both)
InpStepPipsdouble35.0Grid step (pips)
InpSmartDistbooltrueSmart distance: step x ATR96/ATR672 [1..1.5]
InpAtrFastint96Fast ATR period
InpAtrSlowint672Slow ATR period
InpMult2nddouble1.02nd trade multiplier
InpMult3to5double2.03rd-5th trade multiplier
Show all 27 inputs
NameTypeDefaultDescription
InpMult6plusdouble1.66th+ trade multiplier
InpMaxTradesint8Max trades per grid
InpLotMethodENUM_LOT_METHODLOT_DEPOSIT_LOADBase lot method
InpDepositLoaddouble0.25Deposit load % (0.25=low ... 1.5=high risk)
InpDynPerAmtdouble2000Dynamic: 0.01 lots per this balance
InpFixedLotsdouble0.01Fixed lots
InpTpPipsdouble10.0TP distance from weighted average (pips)
InpSmartTPbooltrueSmart TP: TpPips% of BB width (10 -> 10%)
InpSlPipsdouble0Stop-loss pips (0 = none, like original)
InpEquityStopPctdouble25.0Basket equity stop (% equity, 0 = off)
InpMaxTotalLotsdouble1.0Hard cap on summed lots per basket
InpMaxDailyLossdouble30.0Daily loss halt (% of day-start equity)
InpMaxSpreadPtsint30Max spread (points)
InpAllowLiveboolfalseAllow LIVE account (leave false!)
InpMagiclong777004Magic number

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone 71053-arch/MT5-waka-waka-and-xauusd-inspired-EA from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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